Crypto Biz: SushiSwap bets on new roadmap against DEX competition
This week’s Crypto Biz also explores Tesla’s Bitcoin holds, Avalanche’s Visa card, Core Scientific’s billionaire deal with CoreWeave and Chainlink’s pilot for corporate databases.
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Bitcoin price holds steady as S&P 500 plunges to 110-day low
On Sept. 20, the Federal Reserve delivered a message that reverberated through financial markets: interest rates are expected to remain at their highest level in over two decades, and possibly for longer than most market participants’ expectations. This attitude comes against the backdrop of stubbornly high inflation, with the core inflation rate hovering at 4.2%

Coinbase acquires crypto wallet provider BRD’s team as utility token price surges 500%
“Nothing will change in the BRD wallet app and as always, your funds are safe and secure,” said BRD CEO Adam Traidman and co-founder Aaron Voisine. 1402 Total views 28 Total shares Crypto wallet provider BRD said “nothing will change” for users following an acquisition from major U.S. crypto exchange Coinbase.In a Wednesday letter to…

As Bitcoin price sees sub-$30K, do bears control the BTC market now?
In the past 48 hours, Bitcoin has tested the $30,500 support level on two occasions. Historically, when a major support area is tested repeatedly, it often breaks. On the third retest on Jan. 27, Bitcoin broke below $30,000. However, $30,000 is a highly important support level for BTC, and hence, whales might try to buy…

Ethereum surges 11% after report SEC is set to approve Futures ETF
The United States Securities and Exchange Commission isn't likely to block the debut of Ethereum futures ETFs, according to sources. 2819 Total views 4 Total shares The price of Ether (ETH) surged around 11% to $1,700 following news that the United States Securities and Exchange Commission is set to allow the first exchange-traded funds (ETFs) based…

ING Bank Releases Blockchain Privacy Tool Bulletproofs
Dutch global banking and financial services corporation ING introduced its new cryptographic blockchain development called Bulletproofs, according to an announcement on Feb. 7Bulletproofs represents an extended technology for ING’s previous blockchain privacy-focused developments such as zero-knowledge range proof (ZKRP) and zero-knowledge set membership (ZKSM).ING bank first launched ZKRP in November 2017, enabling market participants to…
NYU law professors argue ‘personal growth bets’ using smart contracts should be legal
New York University School of Law professors Max Raskin and Jack Millman recently published a paper in the Journal on Emerging Technologies discussing the legalities surrounding the use of blockchain-based smart contracts for the purpose of "personal growth bets."According to the duo, personal growth bets are single-party contracts that people would engage in with themselves.

El Salvador launches first Bitcoin mining pool as Volcano Energy partners with Luxor
El Salvador’s ambitious renewable energy Bitcoin mining operation welcomes its first mining pool as Volcano Energy partners with Luxor. 402 Total views 3 Total shares El Salvador officially launched its first local Bitcoin (BTC) mining pool as the Volcano Energy project begins mining blocks through Lava Pool in partnership with Luxor Technology.The Bitcoin-friendly country’s $1

Chinese Gov’t Seeks Feedback on Data Security Standards for Blockchain, IT
China’s Ministry of Industry and Information Technology has called for feedback on draft guidance for standardizing data security in blockchain and other emerging technologies.In a document published on April 10, the ministry argued that data has become a “national basic strategic resource” and innovative element in social production. While the rise of big data and accelerating…